Endeavour closed the acquisition of the El Cubo mine on July 13, 2012 and all ore in process at the Las Torres and El Cubo plants prior to that day was attributed to Aurico Gold. Since the residence time in the two plants is approximately 3 weeks, the first silver and gold production by Endeavour did not report to dore bars until August. Therefore, the reported metal recoveries for El Cubo are lower than actual because of the three weeks taken to reload the plants with ore.
El Cubo Capital Projects Update
Mine Capex Highlights 2012:-- Underground development - 10,021 m completed-- Underground drilling - 8005 m completed in 68 holes-- New equipment delivered - 2 scoop trams, 5 mine tractors, 7 submersible pumps, 5 trucks, compressor tanks, ventilation fans, communications, computer, laboratory and security equipment-- Used equipment refurbished - 1 scoop tram, 3 scoop tram motors, electrical substation-- Mine projects - 2 ventilation shafts completedPlant and Surface Capex Highlights 2012:-- Project currently about 20% complete, on time and budget-- Demolition of parts of old plant and surface infrastructure 100% complete-- Engineering and design drawings for plant and infrastructure rebuild issued, 36% complete-- Earth works 70% complete, civil works 40% complete-- Form, steel and concrete work for new plant circuit foundations well underway-- Construction of new buildings including warehouse, administration, security, maintenance, change house, lab storage well underway, 16% complete-- Power supply 50% complete, tailings dam 30% complete-- Used ball mill procured, shipped and currently being refurbished on site-- Refurbishment of existing two small ball mills now underway-- Fabrication of ore bins, float cells and solution tanks now underway on schedule
Endeavour Receives Government Award for Health Programs at Guanacevi
Endeavour Silver Corp. is also pleased to announce that it is the first mining company to be awarded a Certificate of Health from the Durango State Secretary of Health thanks to the success of our employee and community health programs at Guanacevi. At a ceremony at the Guanacevi Mine on November 28, 2012, Endeavour was recognized for creating an environment of employee health, for meeting or exceeding the Durango State Health Department guidelines for health promotion, and for the success of its preventative health programs in improving the quality of life for both its employees and citizens in the local community.
Presenting the Award to Jesus Ordorica, Endeavour's Manager of Human Resources at Guanacevi, were representatives from the Durango state government, including the Director for the Promotion of Health, the Sub-Director for the Supervision of Health and the Chief of the Health Jurisdiction. Endeavour was also recognized by representatives from the town of Guanacevi, including the President of the Municipality and the Director of the DIF in the Municipality of Guanacevi.
David Howe, Vice President of Operations for Endeavour, commented, "We are proud to be the first mining company to receive this health award from the State of Durango. For several years, Endeavour has been pro-active in developing and promoting programs of preventative health for both employees and local citizens at Guanacevi. Our health programs include lifestyle counseling, vaccination campaigns and the prevention and early detection of cancers, tuberculosis, diabetes, hypertension, hypercholesterolemia and other diseases."